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277 Havre Street

Alex Hamric Acquires Multifamily In East Boston From Angel Martinez For $960,000
SOLDMultiFamily

Alex Hamric Acquires Multifamily In East Boston From Angel Martinez For $960,000

277 Havre Street

$960,000

$252/SF

Building Size

3,805 SF

Asset Type

MultiFamily

Closing

May 2, 2024

AI

The multifamily property located at 277 Havre Street in East Boston, MA, was sold for $960,000. This property consists of 3 units with a total square footage of 3,805, resulting in a price per unit of $320,000 and a price per square foot of $252.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $960,000
  • Units: 3
  • Square Footage: 3,805
  • Price per Unit: $320,000
  • Price per Square Foot: $252
  • Address: 277 Havre Street
  • Market: East Boston, MA
  • Buyer: Alex Hamric
  • Seller: Angel Martinez
  • Broker: Tyler Bates - Grove Property Group

Alex Hamric acquired the property from Angel Martinez in this transaction. The deal was facilitated by Tyler Bates from Grove Property Group, representing the parties involved in the sale.

Players

Tyler Bates

Grove Property Group

Broker

$2.8M

vol

2 deals

Broker

East Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

16.52%

Cash-on-Cash

-4.72%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93